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Rural And Community Banks

Rural and Community Banks make gains on deposits

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Rural and Community Banks (RCBs) experienced modest gains in deposits mobilization and thereby, positioned the rural banking industry firmly in the country’s financial sector. The...
Governor of the Bank of Ghana, Dr. Ernest Addison

BoG tasks banks to adopt cyber-secure management policies

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Dr Ernest Addison, the Governor, Bank of Ghana on Tuesday urged banking institutions to put in place effective cyber risk management policies to...
African Capacity Building Foundation

ACBF to host virtual BOG meeting

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The African Capacity Building Foundation (ACBF), African Union’s specialised Agency for Capacity Development, would hold its 29th Meeting of the Board of Governors (BoG)...
cedi

It’s illegal to buy or sell GHC 1 notes or coins online-BoG

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The Bank of Ghana says it is illegal for any person or institution to buy or sell one Ghana Cedi notes ...
First Atlantic Bank

First Atlantic Bank climaxes 25th Anniversary

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First Atlantic Bank has climaxed its 25th Anniversary with a tape-cutting ceremony to formally commission its head office expansion. The expansion includes offices for the...
Dr Mark Assibey Yeboah

Ghana to have positive economic growth – Assibey-Yeboah

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Dr Mark Assibey-Yeboah, Chairman, Finance Committee of Parliament, says despite challenges posed by the COVID-19 pandemic, Ghana is projected to have a positive economic...
Vish Ashiagbor

Vish Ashiagbor testifies in Capital Bank trial

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Prosecution in the trial involving William Ato Essien, Founder of the defunct Capital Bank, has presented Mr Vish Ashiagbor, a Chartered Accountant and the...

BoG commends GOIL for joining national digitization drive

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The Bank of Ghana has commended GOIL Company Limited for taking the initiative as the first Oil Marketing Company to enter into the electronic...
Bank of Ghana

BoG urges MSMEs to reposition to lead post-COVID economic recovery

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Mrs Elsie Addo Awadzi, the Second Deputy Governor of the Bank of Ghana, has urged Micro, Small and Medium Enterprises (MSMEs) to reposition to...
Bank of Ghana

BoG expresses worry about widening budget deficit due to COVID-19

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Dr Ernest Addison, the Governor of the Bank of Ghana, has expressed worry about the widening budget deficit due to the coronavirus pandemic, saying...
dr ernest addison governor bank of ghana

BoG has not sanctioned Vodafone to disclose customer details – Dr Addison

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Dr Ernest Addison, Governor of the Bank of Ghana, has told the Public Accounts Committee (PAC) that the central bank was not consulted by...
Economics Bank Customers

Aggrieved customers of defunct banks threaten to besiege Jubilee House

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A group calling itself Coalition of Aggrieved Customers of ‘collapsed banks’ in the country has given the government a 14-day ultimatum to pay...
Bank of Ghana

Bank of Ghana maintains policy rate at 14.5 per cent

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The Bank of Ghana has kept the policy rate unchanged at 14.5 per cent, citing risks to inflation outlook following the recent jump in...
Mr Kojo Oppong Nkrumah Minister Of Information

Minister petitions BoG, NMC about “money doublers” on television

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Information Minister Kojo Oppong Nkrumah has petitioned the Bank of Ghana (BoG) and National Media Commission( NMC) about the activities of "money doublers"...
Bank of Ghana

BoG urges stakeholders in financial sector to intensify education on electronic payments

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Bank of Ghana (BoG) has encouraged stakeholders in the financial sector to intensify public education and sensitisation on the new electronic payment system including...

Veep launches Universal QR Code to promote efficient electronic payment system

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Vice President Dr Mahamudu Bawumia on Wednesday launched the Universal QR Code and Proxy Pay to ensure convenience, efficient and secured electronic payment system...
Bank of Ghana

Bank of Ghana asks banks to seek approval before payment of dividends

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The Bank of Ghana (BoG) has asked banks and Specialised Deposit-Taking Institutions (SDIs) to seek its approval in writing before...
Bank of Ghana

BOG reduces primary reserve requirement to boost support to economy

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The Bank of Ghana has announced a raft of measures aimed to contain the economic impact of the COVID-19 on the economy and to...
Bank of Ghana

Ghana`s central bank role in enhancing digital/online payments during COVID-19 menace

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Ghana`s central bank, the Bank of Ghana (BoG) must be guided in its monetary sector roles in this COVID-19 menace. Among others, the following...
Bank of Ghana

Bank of Ghana assesses impact of COVID-19 on economy

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The Bank of Ghana says it is assessing the possible impact of the COVID-19 pandemic on domestic economy and it is taking the necessary...
Bank of Ghana

BoG extends minimum capital requirement for Payment System Providers to December

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The Bank of Ghana (BoG) has extended the deadline of meeting the minimum capital requirement for Payment System Providers (PSP) from June to December,...
dr ernest addison governor bank of ghana

Ghana gets Payment Systems Advisory Committee

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Ghana get its first-ever Payment Systems Advisory Committee to guide the Bank of Ghana on regulation and oversight, operational and technical stands of the...

BoG: Counting machines helps maintain integrity of money business

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Mr Kennedy Adu, Director of Banking Department at the Bank of Ghana (BoG) on Thursday said improved money counting machines will help maintain integrity...

Amoabeng and five others pleads not guilty to charges

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Prince Kofi Amoabeng, Chief Executive Officer of defunct UT Bank Ghana and five others whose alleged roles led to the collapse of...

Bank of Ghana award vindicates President Akufo-Addo – Carlos Ahenkorah

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The Member of Parliament for Tema West, Carlos Kingsley Ahenkorah, has claimed vindication for President Akufo-Addo’s decision to clean up Ghana’s banking sector following...
Ernest Addison

Adhere to Corporate Governance Standards – BoG

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Dr Ernest Addison, Governor, Bank of Ghana (BoG), has urged owners and directors of banks and other financial institutions to strictly adhere to...

BoG urges Police to help identify hidden unlicensed financial institutions

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The Bank of Ghana (BoG) on Wednesday called on the Police Service to help it to identify hidden and unlicensed financial institutions that might...

Sekyere Rural Bank records impressive profit growth in 2018

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The Sekyere Rural Bank has recorded a huge profit growth of 481 percent in the 2018 financial year. The Bank’s profit before tax this year...

APEX Bank secures eight million dollars to roll-out agency banking

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The ARB Apex Bank has secured eight million dollars in grant from the World Bank to roll-out agency banking operations to expand rural...
court

High Court orders complainants to file defences to Nduom’s case

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An Accra High Court has ordered the Bank of Ghana (BoG), the Attorney-General (AG) and the Receiver of GN Savings and Loans...